Interbrand has released its annual ranking of brands. While Apple remains the top brand according to the rankings, Tesla (#14) was the fastest-growing brand of 2021, with an impressive 184% increase in brand value. Tesla also saw the largest rise in rankings, moving 26 places up the table, closely followed by Salesforce.com which rose 20 places to #38, and PayPal which moved up 18 places to #42.
Cosmetic brand Sephora at #100 was the only new entrant to the rankings this year. Its placement in the top 100 makes LVMH Group the biggest group entity in this year’s rankings with five brands in the Best Global Brands table – Sephora, Louis Vuitton (#13), Dior (#77), Tiffany & Co. (#92) and Hennessy (#95).
“What we can observe is that the biggest brands are getting bigger,” said Interbrand Australia and New Zealand CEO Nathan Birch.
“This is testament to a recurring theme, which is that a brand’s aim should be to be the biggest or be different. A principle that many Australian brands could do well to heed.”
Despite its seismic growth, Tesla has yet to enter the top ten. Apple #1 (US$408,251m) once again takes the top spot in the table, followed by Amazon #2 (US$249,249m). Having overtaken Google in 2020, Microsoft #3 (US$210,191m) has preserved its place in the top three. The top three brands account for a third (33%) of the total table value this year.
The remainder of the Top 10 comprises: Google #4 (US$196,811m), Samsung #5 (US$74,635m), Coca-Cola #6 (US$57,488m), Toyota #7 (US$54,107m), Mercedes-Benz #8 (US$50,866m), McDonald’s #9 (US$45,865m) and Disney #10 (US$44,183m).
The overall value of the table has increased to US$2,667,524m (up 15% from US$2,326,491m 2020), which is the biggest growth rate in the past 22 years of Interbrand’s Best Global Brands.
The average brand value increase in 2021 is 10%, significantly larger than the 1.3% in 2020, owed largely to the economic disruption caused by Covid-19. Technology is the fastest growing sector, with an average brand value change of 23% year-on-year. It is also the most valuable sector by average brand value, followed by beverages and sporting goods.
During the analysis of BGB 2021, the fastest risers significantly outperformed other brands on three factors, revealing the fundamental priorities:
- Direction: These brands set a clear direction, ensuring that the entire organization knows where they are going, and are working towards the same ambition.
- Agility: These brands move fast, bringing new products and services to market and, where necessary, pivoting to address changing customer needs.
- Participation: These brands ultimately bring people on a journey with them and make them part of the movement to create an engaging brand world.
For the complete Top 100 ranking and report with comprehensive analysis of growth, sector, and industry trends and the full methodology, visit www.bestglobalbrands.com.